'..World Debt Hits $152 Trillion.'

<blockquote>‘..the “group” .. debt..’

- Frans Veldman (Context)</blockquote>


'..debt is the problem, not the solution.'

<blockquote>'Today we learned from the IMF that World Debt Hits $152 Trillion.

That’s a record breaking amount. It’s also more than two times the size of the entire global economy.

..

..perhaps Krugman and Summers are trapped in academic wonderland or some alternate universe.

Those in the real world may wish to consider the distinct possibility debt is the problem, not the solution.'

- Mish, (Source, October 5, 2016)</blockquote>


Context '..using debt to fund growth just leads to "zombifying" economies.'

<Blockquote>Weimar malaise - '..Monetary policymakers are urging more extreme actions in their frantic pursuit of higher inflation. They should be careful what they wish for.'

'..When it comes to understanding the nature and destructive capacities of inflation, the “Austrians” put the “Keynesians” to shame.'

'..the Federal Reserve has completely failed to recognize .. a flawed monetary policy framework..'


'..The problem lies with unfettered finance and monetary mismanagement..'

'..saving, wise investment and production are what creates wealth, not spending and consumption..'

'The Great Depression was fundamentally the system’s response to the deep systemic structural impairment..'


'..epic financial and economic impairment..'

'..the global economy straining under a record pile of debt..'

'..central bankers create very destructive asset bubbles that eventually collapse..'


'It remains my view that the global Bubble has burst..'

'..I believe a monumental de-risking/de-leveraging cycle has commenced..'

'..they would tear down both central banks brick-by-brick.'</blockquote>